Shoot the Goose!

Over the last few years we all have been exposed to the endless ads over the TV & Radio about how we all need to add GOLD to our portfolio. Ugg. The market price for gold has certainty been raising, a fact that is repeated over & over again by spokespersons (even EX-US Mint Director Jay Johnson) who at the same time explain how much the “Dollar” has been devalued.  ALERT, if the dollar is so worthless what are you going to do with all the gold you just bought? Don’t sell it please–you would just have sorry old dollar bills to spend. “Gold has never be worth ZERO”, is another over-used assertion. Lots of things have never been worth zero…take pigs for example. Never in our history have pork bellies been worth nothing and they taste a whole heck of a lot better too. Give me bacon on everything please. Gold Line is just one of the well known gold brokers out there and in their literature about gold buying they suggest that you hold onto your gold you just bought from them for at least 3 to 5 years. How nice. With the price of gold hovering around the $1,000/oz mark the investment in gold seems silly. Double your money? Forget about it. As I watch all the ad space devoted to gold purchase promotion, I can’t help but think about all the money these gold brokers have been spending to promote the idea that everyone needs to “make gold a part of their diversified portfolio”. Some even have the balls to say that “some gold-watchers predict prices to exceed $2,000 within the next few years”. No wonder prices keep going up. I’ve heard of self-promotion but this is ridiculous. Never trust a prophet’s predictions if they stand to profit from them. Do yourself a favor and invest in yourself first.